Trading Services [Multiple Positions Available]

J.P. Morgan; New York (NY); On-site; USD 99,000 - 110,000; Full time

Benefits offered by this job

Health care coverage

On-site health and wellness centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Job summary

JPMorgan Chase & Co. in New York, NY, seeks a structured products support specialist to back Equity Derivative desks in North America, covering sales and trading for exotic and flow derivatives.

You'll help with trade bookings, pricing support via Bloomberg, and client onboarding, while building automation to reduce manual work. The role requires a bachelor's degree in a related field and about 1 year of experience in trading services or similar, with strong skills in SQL, Python, and Excel/VBA.

Qualifications

• Bachelor's degree in Economics, Business Administration, Finance, Mathematics, or related field.
• 1 year of related experience in trading services or equivalent.

Responsibilities

• Support Equity Derivative Structured Products Desks in NA for sales and trading.
• Assist cross-asset sales with issuance and lifecycle of structured products.
• Facilitate trade bookings, quantify trades, and ensure proper settlement.
• Prepare calculations for structured trades and draft fixing notices.
• Develop data models and automation to reduce manual tasks.

Skills

Structured Products

Derivative Trading

SQL

Python

VBA Excel

Bloomberg

Tableau

Alteryx

UI Path

Education

Bachelor's degree in Economics, Business Administration, Finance, Mathematics

Tools

Bloomberg

Reuters

Excel

SQL

Python

VBA

Alteryx

Tableau

UI Path

Job description

Duties: Support the Equity Derivative Structured Products Desks in North America, covering both sales and trading for exotic and flow derivatives business lines. Provide support to the cross-asset sales team in the issuance and lifecycle of non-equity linked structured products. Facilitate trade bookings, query structured trades, and validate the economic integrity of trades to ensure proper settlement. Complete client setup, action secondary buyback formalities, and facilitate pricing using Bloomberg and other tools. Collaborate with sales to ensure pre-trade approvals for new structured products. Ensure clients are onboarded correctly and complete all pre- trade formalities before the issue date. Prepare various calculations for structured trades including equities and cross-asset classes, expiries, coupons, physical payoffs, and draft fixing notices for custodians. Perform calculations using term sheets, confirmations, and Excel models, pulling data from Bloomberg and other sources. Responsible for trade capture of Structured Products into various front office systems. Initiate and work on projects to reduce manual labor, increase controls, and mitigate the risk of input errors. Identify, implement, and support efforts to reduce manual work per trade, and collaborate with other teams to reduce costs within the middle office by leveraging low-cost centers. Drive the future state of the Structured Products business and improve daily processes.

QUALIFICATIONS:

Minimum education and experience required: Bachelor's degree in Economics, Business Administration, Finance, Mathematics, or related field of study plus 1 year of experience in the job offered or as Trading Services or related occupation.

Skills Required: This position requires experience with the following: Structured Products under various asset classes including Equity Derivatives, FX, Rates, Credit, and Commodities; Risk management systems and unique risk measures for each type of asset class including Equity, Credit, Rates, Commodities, and FX, including Delta, Gamma, Theta, Rho, and Vega; Booking flows of structured products from FO risk systems, through the full product lifecycle management including coupons, knockouts, and corporate actions, to settlement involving issuance and paying agents, custodians, and clearing systems; Trade and product lifecycle of derivative products across both securitized and OTC products; Controls processes surrounding the trading and lifecycle of financial products including pre-matching, fails monitoring, inter-entity and inter-system reconciliations, and PnL monitoring; Coding Excel macros using VBA to automate recurring tasks involving data extraction, transformation, and communication using e-mail; Using low code tools including Alteryx, Tableau, and UI Path to develop data analytic models, dashboards, and automation solutions; Large data models and data infrastructure for large firms; Writing SQL and Python scripts to run large-scale queries to obtain information from databases; Using market data systems including Reuters and Bloomberg, and working with the various screens and tools the platforms offer including using Bloomberg add-ins for Excel to set up automated queries.

Job Location: 270 Park Avenue, New York, NY 10017.

Full-Time. Salary: $99,200 - $110,000 per year.

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Support the Equity Derivative Structured Products Desks in North America, covering both sales and trading for exotic and flow derivatives business lines.